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State-owned NTPC on Friday said it has raised ₹4,000 crore via bonds issued through private placement basis. Bidding for the bond issue opened on Friday and it received an overwhelming response, the company said in a statement to the exchanges. Against an issue size of ₹500 crore, with a greenshoe option to retain over-subscription up to ₹3,500 crore, bids of ₹12,520 crore were received, it said. The bonds will be listed on the NSE and the BSE, it added. Shares of NTPC closed at ₹147.55, down 0.14 per cent, on the BSE.
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